Alkami Technology’s (ALKT) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Alkami Technology (NASDAQ:ALKT)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a report released on Thursday, Benzinga reports. They presently have a $24.00 price objective on the stock. Citizens Jmp’s price target points to a potential upside of 69.31% from the stock’s current price.

A number of other brokerages also recently issued reports on ALKT. Needham & Company LLC upped their price objective on Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Citigroup reiterated a “market outperform” rating on shares of Alkami Technology in a research note on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. downgraded Alkami Technology from an “overweight” rating to an “underweight” rating and set a $14.00 price target for the company. in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.00.

Alkami Technology Stock Down 2.9%

Shares of NASDAQ:ALKT opened at $14.18 on Thursday. The company has a market capitalization of $1.52 billion, a PE ratio of -33.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. The business has a fifty day moving average price of $19.09 and a two-hundred day moving average price of $17.58. Alkami Technology has a 1 year low of $13.98 and a 1 year high of $25.96.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.23). The business had revenue of $129.84 million during the quarter, compared to the consensus estimate of $128.70 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.13) EPS. Analysts forecast that Alkami Technology will post 0.15 earnings per share for the current year.

Institutional Trading of Alkami Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Alkami Technology by 5.7% in the 1st quarter. Bank of America Corp DE now owns 1,132,794 shares of the company’s stock valued at $17,751,000 after acquiring an additional 61,501 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Alkami Technology during the 2nd quarter valued at about $967,000. Irenic Capital Management LP purchased a new position in shares of Alkami Technology during the 4th quarter valued at about $48,596,000. Janus Henderson Group PLC raised its holdings in shares of Alkami Technology by 20.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock valued at $60,413,000 after buying an additional 646,898 shares in the last quarter. Finally, Praesidium Investment Management Company LLC boosted its stake in shares of Alkami Technology by 13.4% in the 4th quarter. Praesidium Investment Management Company LLC now owns 2,287,096 shares of the company’s stock valued at $52,763,000 after purchasing an additional 269,524 shares in the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Key Alkami Technology News

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Alkami reaffirmed a relatively stable operating outlook, projecting fiscal 2026 revenue of $528 million to $531 million, broadly in line with the $529.9 million analyst consensus. The company said it will focus on executing its independent strategy and serving financial-institution customers. Alkami Announces Conclusion of Strategic Opportunities Review
• Neutral Sentiment: The board concluded a comprehensive review conducted with financial and legal advisers after evaluating strategic alternatives. Alkami determined that remaining independent was the best path, though management must now demonstrate that standalone growth can deliver more value than a potential acquisition. What Should Alkami Technology Investors Make Of Its Decision To Stay Independent?
• Negative Sentiment: Shares decreased sharply after Alkami announced that the review ended without a transaction. Investors appear disappointed that no buyer emerged, while the company’s independent outlook leaves shareholders exposed to execution risk and removes the near-term possibility of a buyout premium. Reports indicated the stock fell about 18% following the announcement and moved close to its one-year low. Alkami Shares Fall 18% After Strategic Review Ends Without Sale

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions in the United States. Its platform is designed primarily for community, regional and other banks and credit unions seeking to deliver online and mobile banking experiences to consumers and businesses.

The company’s products and services include digital account access, account opening, money movement and payments, card management, financial wellness tools, data and analytics, marketing and customer engagement capabilities, and solutions for commercial banking.